1930-11-11 — Page 9

TUESDAY, NOVEMBER 11, 1930.

+

POST OFFICE NOTICE.

NEW YEAR PARCEL MAIL FOR GREAT BRITAIN.

The New Year Parcel Mall for Great Britain will be closed In the General Post Office at 5 pm. on November 21 per s.3. Karmala.

This mail is due in London on December 27.

CHRISTMAS LETTER MAIL FOR GREAT BRITAIN

VIA MARSEILLES..

The Christmas Lottër Mall for Great Britain via Marseilles will be closed in the General Post Office on November 22 per sa. Kar -mala- nq follow

Registered Mail-9.45 am. November 22. Ordinary Mail-10.30 am. November 22, This mail is due in London' on December 22.

List of ships expected to be in wireless communication with Hong Kong to-day:Tanda, Illinois, President Pierce, Morioka Maru, Harunasan Maru, Van Heutaz, Kut Sang, Yingchow, Rawalpindi, Melbourne Magu, and Kasagisan Maru.

From

INWARD MAILS

TUESDAY, Japan and Shanghal Batavia

THURSDAY,

FRIDAY,

Europe vin Negapatam (Letters and Papers,

London, Oct. 16)

Japan and Shanghal

Per

NOVEMBER

11.

Shanghai

WEDNESDAY, Shanghai & Swatow

NOVEMBER

.Chenonceaux .Tileondari

Kidderpore1

12. .Sinklang

Java

.Tjibesar

JAVA

Straita

.Buitensorg

Van Heutaz.

Japan

NOVEMBER 13.

.Talamba NOVEMBER 14.

Australia and Manila

SATURDAY,-

NOVEMBER

Japan and Amoy

U.S.A.. Honolulu, Japan and

Francisco, Oct. 17)

MONDAY,

Shanghai (San

NOVEMBER 17.

Japan

Japan

.Haruna Maru .Fushimi Maru

Tal Ping

15. Titiwang Rokuyo Maru

.Pres. van Buren

Kitano Maru Wakaea Maru

President Jackson

NOVEMBER

18. ..Atsuta Maru

Japan

U.S.A.. Honolulu, Japan and Shanghai (San

Francisco, Oct. 24)

TUESDAY,

Australia and Manila

WEDNESDAY NOVEMBER 10.

Canada, U.S.A.. Honolulu, Japan & Shang-

, Vancouver, B.C., Oct. 30)

For

Empress of Japan

OUTWARD MAILS

Per

TUESDAY,

NOVEMBER 11.

Rong So NOVEMBER 12.

4 p.m.

8.90 a.m. 10.30 a.m. 10.30 a.m. 2.30 p.m. 3.30 p.m. 3.30 p.m.

Samshul and Wuchow

WEDNESDAY,

Holhow, Pakhoi & Halphong

Amoy

Straits

Haiphong

Swatow

Amey

THURSDAY

Hoihow, Pakhot and Haiphong

Swatow

Straits and Calcutta

Limchow Tjisondari Kidderpore

Canton

Van Heutaz Tainan....

NOVEMBER 13

Menado Maru

Hydrangea NOVEMBER

8.30 a.m. 3 p.m.

THE CHINA MAIL.

LENA GOLDFIELDS CLAIM.

Evidence of Soviet Obstruction.

SALES DIFFICULTIÉS.

When the hearing.

was resumed at the Law Courts of the arbitra tlon.proceedings in which Lena Goldfields, Ltd., and the Govern- ment of the U.S.S.R. are parties, Mr. Alexander Malozemoff, the former managing director of the company, continued his evidence.

He said the company employed. about fourteen or fifteen thousand workmen in Russia. "It was not merely our duty to feed and clothe these people," he added. "It was a necessity, as otherwise they would not have worked."

Dr. V. R. Idolson, counsel for Lena Goldfekla, read a number of lengthy extracts from letters and telegrams which the company sent to the Russian Government, proteat- ing against being excluded from buying in the open market or from Government institutions a' had been agreed.

What

31

pointing out that the local au

thorities had issued a decrow for bidding the sale of scrap metals to anyone except che organisation which had been granted a monopoly. He drew attention to Article 18.01 the agreement, which promised an open market.

In January, 1990, letter was received from the Public Prosecutor. declaring that the right to supply non-ferrous. metals scrap belonged to one com pany exclusively, and that the con- cession agreement did not provide otherwise.

Д

then

EXCHANGES.

YESTERDAY'S QUOTATIONS.

On London Bank, wire

1/3`7/16 Bank, on demand... 1/8 7/16 Bank. 4 months" sight 1/3 0/16 Credits, months"

sight Documentary, 4-

4

months" sight

On demand

On Bombay- On demand

9*

HONG KONG STOCK EXCHANGE Opening Daily Official Quotations 10th Nov., 1930.

STOCK

Buy-Sell-

Sales Nom Win

67

ег

YAT

Last 'dividend and when paid

Banke,

Hong Kong Bank......$1070 Chartered Bank........ Mercantile Bk., A&B,

Dec.

... 201 (13)

Doo

119

*Tutorim 21 a/o 1930'

#x. 1/4-940.61]|| Aug. 11,00 Doc. Interim. Iron 17Tax no 1930 Sep-80

Dec. 13 for 1922.

/0 1930 leer 1/76%) Sap; — 80

Feb. 29, 50

Doo, Final $20 fu-May 18, 30-

Interim 18

Deo. Final id for 1000-41 ay 30, 80-

Interim aje

bonu■ $4) (uz 1925-415 Intarit 1999)

MA

1/4.18

1/4

C. 21

On Paria-

Bank of Asia↓

.

795

Credits, 4 months'

Insurances.

sight

885

On New York--

Canton is,1100- Vaioa las, $473

167

.... 1475

On demand

31

China Underwriters...$

2.60

Teg. None

LAG

Credits, 60 days'

32

Chios Fur los.

$100

Final

Dec.

+4

+19

H. K, Fire las

1100 Dec. 47/for 1990s o

blay 80,50 Mär. 26,90

86

864

Shipping.

On Calcutta

Det

862

Deo. 1. for 10

Mar. 4,80

86%

Indo-China (Pref.) -..$}

(Def.).

£12/-on. 2-4 on preferred}

for 1946 And 1935)

June 19, 29

Doc.

55

Shell Transports.4).

Doc.

Fin. 4-Coupon No. & freez

IT OF 1023

July 8, 80

Doc.

68

$100 for 19

Mar, 10, 30

"

Tla. 80% 9% dia.

8.70

Dec. Interlini bonus s

62%

Wire

On demand

On Singapore On demand

Agents Prevented from Buying.

In further evidence, Mr Malozemoff said:--

the Incal "In 1926

ай started to impose thorities onus.

We sent our agents sight buy butter, flour, etc.. but when they were buying they Wire were confronted with Government agents, who sometimes prevented our agents from buying by force. went on from day to day, and our right to buy was res- trleted. Not only were our people

On Manlia- stopped, but the population had

On demand orders not to serve us.

"After a long absence be . On Bhangbat-

added Mr. On demand cause of liness." Malozemoff, "I found restric-Dollar tlons everywhere. It Was an

On Yokohama— cancellation' absolute

of our On demand rights. We could not import any-Sovereigns (Bank's

buying rate)

1/4 thing, and we could not buy any

was a continuous Silver (per oz.) ....16 11/16 struggle in order to get just a little Bar Silver In Hong to carry on with."

thing. Thère

Sir Leslie Scott (to the witness): was it that prevented you from buying at the right season? You complain of making Anancial losses because you had to buy out Questioned as to transport dif- of season. What made it neces-culties, the witness said the com- sary to buy out of season?--We pany did not receive on a footing necessary for of the Govern- of equality cura were in the handa ment, and they would not sell to moving its materials.

Nails Sales Difficulty. 19.·

Mr. Malozemoff next dealt with

that the allegation

the Soviet. Government had pre- vented

Replying to Professor Stutzer. "We were Mr. Malozemolf safd: always last on the list for receiving raw materials. Many times I said that we must be treated on an equal

were

always

basis, in accordance with this con- cession agreement, with the State

Promises. organisations. made, but preference was given to them.

Sir Leslie Scott: Was there an official list in which you were put last in order of preference,

refer 01 arc you merely ringto the fact that other people

supplies got you?-I am referring to the fact you mentioned last,

Lena on No List,

before

Kong

Copper Cash Copper Centa

Lena Goldfields from the Court wanted to com-

on

pare

the

prices In

Douglas ........$

H. K. Steamboats ...$

Union Waterbout $9

Mining.

Benguets

Kailan Mining Ad. 3/-) Langkat. Tia. S'hai Exploration...Th.

Loans... T. 16)

•Raub gratia 201

Docks, Wharvas, Gadawns, &c.

H. K. & K. Wharves..$172) H. K. & W., Dock...$...

•China Providents (old) 5.40 (new) $ 2.60 Horgkew...........Tla. 286

"

ilcău, žied

head for 17.......

Laut rides for 1921

inking centre ajo 1936 Sept. 30, 30

95/0 June (nterim 1. tree 1/TAR

Coupon No. 57 yake 8-630} } -Juno — 30 Oct. 1.0.56 for year 31-10-May 8, 30 Deo. None

Doo.Interim T. 0.25 afe 1830

[Mar,} {First Interima 17-1 Tade year Bi-3-21]

1

Deo.

for 1006 30% W

Deo. List diriiend for 2021E OTHE

Free. diekland for 1994

July 1, 30

Sep, 16, 10

Mar, 18, 80

5.45

**

rui

дип

*

Dea. Interim T. & / 1900

Sep. 19,-50

144

80

Deo. 7. 6.50 for 1929..........

Fab. 98, 80

+++

Apr. T. 7 for year 31-8-20

¡July 80, 80

|

Rate of Native In-

terest Chinese Sub, Coin... 25% dis. Hong Kong Sub. Coln Par.

Par. Nomina: 8% prem,

314% p.a.

N. Engineering ... Tia.

Shanghai Docks...Th. 120

Russia roubles H. K. & S. Hotels...$11.60 11.85 similar HK. Lands (old)...

Ger-

Lands, Hotels & Building..

+

Duc. cont (or 1930,

¡Apr, 1; 30

Jan

HO

G11

Dec: Interim nic 1021)

A

+14

... (19

Ang. 8, 80

...*1916

c. Interim T, à ale 1950

July 31, 20

Б 16

May 7, 80

19.40

the.

Sep. 4, 30

HR

137

Feb. for fext $50)

NOT

July 21, 50-

Deo, Mind T. Safe 1829

Mar, 17, 80

and T. 2-4

(Apr. (1.3-23 olaj for bail year

May 98, 80

Oot.

In 'compare

freely selling its products the markets of the U.S.S.R.

measured He. in 1928 said that the company's customers in order to

representatives of the Govern- standard qualities in, say, ment Trusts came to it and said many and Britain, and thus arrive that they could hot pay more than at the rent purchasing power of the below rouble. That would show whether a certain price, which was

the company's demand was reason- the cost of production.

able or unreasonable.

He dealt with its difficulties in Belling nails, even though there was a shortage of nails.

In 1930 thero

were

Was

Mr. Malozemoff went on to say that at the time when the company CONCER- the there were Russian introduc

What.

Sir Lealle Scott:"

negotiating, were only, you and the Government sion agreement

promises that making nalle?~~~There

no solemn

currency should -private enterprises.

be markets. How did your output compare in ed. into all Dr. Idelson: It is quite clearly stated that we were not included in value with the Government out happened was just the contrary. any list.

was another input? It was comparatively small. The company was forced to abide by the State Bank, and which never stance of putting Lena outside, We produced about 300 tons month-

reflected the true conditions of the ly, isolating Lena--she was not in any

How much did the Government prices... list at all.

enterprise produce?I don't know the exact figure, but it was certain- ly tens of thousands of tons.

This

Mr. Malozemoff went on to say that as the result of difficulties made by the authorities they could

**

(new)..... Right...$ Shanghai Lands ...Tia, Humphreys ............. H. K. Realties $10.40 Chinese Estates......$

Cotton Mille.

•Ewo Cotten

Tis.

12}

.Shanghai. Cotton...Tis. Zoang Sing.TU.

H, K. Tramways.

Public Utilities.

18.40

87 89

Peak Trams (old)

** (new)

Star Ferries...

As already recorded, the arbitra-China Light (old)...$26.65 tors made an award of £18,000,000

(new) ...$25 against the Soviet Government. Moscow papers declare that there Sandakan Light 111 is not the slightest, chance of col-H.K. Tel, fully paid $...

So that there was no fear of your creating a monopoly in nail and forcing up the price? Oh,lecting it.

no.

not properly supply their workmen and employees with the, necessary foodstuffs, and, therefore, the work men regarded themselves as treated worse than other employees.

gold He also stated that the company Ip had the duty to supply its workmen freely.

Nov. 14, Noon.

FRIDAY,

14.

Ho Sang

Parcels

Letters

Haiching

1. p.m.

Haruna Maru Chinhun

3.30. p.m. 3.30 p.m.

Swatów, Amoy and Foochow

Shanghai, Japan and Europe via

Siberia

Foochow

Straits, Ceylon, India, Mauritius *E. and *S. Africa, Aden, Egypt and Europe via Marseilles

.K.P.O.

Registration Nov. 14, 4.30 p.m. Letters ....

Nov. 15. 9 a.m. SATURDAY,

⚫ Sandakan

Foochow via Swatow

SUNDAY.

Swatow, Amoy and Formosa ..... Holhow and Bangkok

TUESDAY, Manila, Australia & New Zealand

via Thursday Island

Fushimi Maru

(Due Marseilles, Dec. 14.) G.P.O. Registration Nov. 15, 9.45 3.0. Letters

.9.80 n.m. NOVEMBER

15.

Hin Sang

Yu Sang

NOVEMBER

16.

Hozan Maru

Kiungchów

10.30 ä.m.

6 p.m.

9 a.m.

2 .m.

NOVEMBER

18.

Kitano Maru

Swatow, Amoy and Foochow Straits, East Africa via Mombasa

and South Africa 'via Lourenco" Marques and South American Ports.

WEDNESDAY,

Japan

Manila

THURSDAY, Manila, Australia & New Zealand

vin, Thursday Island

(Due Thursday Island, Dec. 1.)

Registration Nov. 18, 845 api Letters

.9.80 a.m. Hal Yang . 1 p.m. *

Wakasa Maru NOVEMBER 10.-

•Atsuta Maru Elapress of Japan NOVEMBER 20,

1.30 p.m.

9.30 a.m. 3.80 p.m.

Tai Ping (Duo Thursday Island, Dec. 2.) 'Parcels. .....Nov. 20, 5 p.m. Registration Nov. 21, 9.45 a.m. Lettera

.10.30 a.m.

"Superscribed correspondence only.

DO YOU KNOW that

by paying $130.00 down

and $23.00 per month

limited period

At

Dr. Idelson: Have you ever #old allver In Russia?-Not

or

When It started

its work the Government told it that this could not be done because It would be, speculation.

Premium Proposal.

↓

RETIREMENT OF 'LONDON JACK' Famous Retirever Placed on Pension.

I-ondon, Oct. 11, London Jack, the glant retriever, who has welcomed hundreds of tourists to London and barked "Good-bye" as they sped away, 13. relinquishing his post to a young- er dog and retiring on an old-age pension.

with clothing in accordance with Mr. Malczemoff went on to ex was pro- the collective agreements which it plain that the company hadwith the trade unions.

the agreement that Durmised under ing the first period, when the Gor- gold which it did not sell to the ernment were not limiting the com- Government it would be able to sell pany's rights, it was obtaining the freely in Russia. necessary clothing for the workmen partly from abroad,, partly from buying in the local market. the end of 1928 the company was Informed that it would not be allow- ed to lay clothing in the market be- cause all the stuff there would be distributed, according to certain plans, and only certain Government organisations, would receive these textiles. And then it was asked to apply to this Government organi sation (the Central Clothing Trust) for all the clothing which enterprise and in order to assist the £6,000 in the coin box strapped possible working of the gravel to the full extent, we ask to establish a premium of 90 per cent. over and above the price of gold established in the agreement."

it would need for its workmen.

Managers Punished.

. Dr. Idelson said that a number of works' managers were not allow ed to leave their works because of an accusation by a labour inspector regarding the employment of tem porary workmen and the suggestion that the clothing provided was not of the best quality.

"The clothing was received from the Government department ??^ -Dr Idelson naked. “'

Mr. Malozemoff: Yes. "And yet the managora were punished for fte bad quality," Dr. Idelson commented.

Mr. Sampson, the company's manager in Moscow, had to write to the Supreme Economic Counc!!

Dr. Idelson read a letter written by Major Gwynne, when he was in Russia (May 31, 1928), to Mr. Herbert Guedalla, the chairman of the company, which ran: "In view of the price of gold at the rates of the London Exchange, as provided

For the past seven years, London Jack has acted

08 ап unoficial reception committee at Waterloo station and has exacted toll from all travellers for the help of a

www

"

H. K. Electrics 5 Macen

.....$

***

E

༴ ཨཱུ

ཐཱཿ ཤྲྰི; ; ༈:: ཨིཏྭཱ;

Decent for 1999 ........

Interim cunt / 150

Jan. 0-60 for gear 8043) Oct, 11, 80

150 ct. on all for fast

Apr. on

:

Der. Saterim cena / 1230

Aug. 27, 80 ́ ́

June 16, 30

Dec. for 1920 Sept: Int. 15 % pr. 2003

Fab. 14, 60

May 19, 60

Deo.

Mar. 19, 80

Dea

50 for 199

June None

Des. Lat. tocats Aug. 1, 50

quicente Doo.. 3.00 $ar 17-Fob. 15, 50

just on preference shares) {Subject to Income Tab. 6, BO

PR

[19/-

Sept.

China

part paid $1915 Bura".Th.] .. S'poreTractions(Ord.)/+7/9

(Picf.)/-

*

H

Industrial. China Sugars 170cta.... Malabon Sugars.......5 Cald: Macg. Ord....Th. Pref....Th.

bri

20

127

ME

101 10:40

... 122 18.40 19.00 18.05 12)

July Nana

in

5.20

|11.10:

Canton Ice $ *Cements (com.)

(old)...... Anew)

H. K. Rapes United Asbesto

Stories, &c. Dairy Farma C/R..

444

In Liqulation.

Deso, P4.3 for 1929

Dec.

Apr. 11, 39

17:00 monthly 1977. p. 80, 30-

Scents on old for 159. Mar. 19, 80 Dec. for conte

Bro. fast rident for 3924

i. 1

XIR...... Right......$94

Watsons.

251

12.40

Dec. 11,40) Eur 1929

Mar. 14, 80

Oct. 70 cents for year 31-1

Mar. 31,80

自悲

Fab Last dividend for year

2

***

-

10 Fah. (or year 23-2-57 11.00

May 15, 20

1

Bro

Der A Wings arī Lane Crawfords

for covering the expense of the time he has collected no less than Sinceres in the agreement, being insufficient larger orphanage. During that Mackintosha

Wm. Fowells...........$ around his neck.

Miscellaneous. Jack is-18 now, and old age, and H.K. Amusement"...$ Blindness are cutting down his ch, Entertainment ...$101 efficiency. He has trouble finding

H. K: Constructions... 31

Many Medals.

****

A+R

H. K. Oort. Loans. 51% Prem....

:

In explanation, Mr. Matozemoff his way about the rallway carriage. Ind. G. Bonds... 654 said that the Government objected and cannot sight a kind face 25 to giving gold-pounds, sterling well as he used to... and dollars--for gold, and paid in roubles, until he flatly refused to The medals which London Jack Speculative shares. give it the company's whole produc- has earned would cover not only hla tion of gold for roubles. When broad cheat bat his broad back as the company pressed for a license. well. He has been awarded 41 by to sell, the Government would not one orphanage alone, and has been fsene a licence. Looking for a presented with a silver medal by peaceful solution, the company sug the "Tail-Waggers' Club," the most gested a premium. This premium exclusive society in British dogdom." It had always regarded as Insuf clent.

Jack will be succeeded by a 10- month-old Golden Labrador, who will be known as London Jack. II. that-United. Press.

Rouble's Purchasing Power.. Leslie Scott said

Sir

JTHINK I HEAR AROBBER_INLINE_ HOUSE I'LL GET A

POLICEMAN

HEY, OFFICER-COME- QUICKS) THINK

ROBBERS ARE IN.

THE HOUSE.

'BRINGING UP FATHER

Sou

THINK?

2085 Febresin year 23-June 10, 29

*

182.50 on Preformn!) for year

Mar-181.00 on Deferred 1-1-30 Eept. 27,80

128

དྡྷ::; ཡོ

Dec. None

Interest hiligently

MAN LOONG. PRESERVED GINGER MANUFACTURERS,

NEW SEASON PRESERVED GINGER". Beat quality-Prompt attention to Exporters. Oulce-2, Dundas Street, Kowloon. Tel. 57088, ‹ Factory-2 Godown, Praya, Dandas Street, Mongkok.

YOU WILL HAVE TO GO BACK AND FIND OUT.

FOR SURE AND IR THEY ARE CALL ME"-

**LL BE DOWN AT THE MINIATURE „GOLF COURSE

you can become the proud owner of a

GENERAL ELECTRIC

ALL STEEL REFRIGERATOR

The Hong Kong Electric Co. Ltd. The General Electric Co Ltd.

Jack & Co. Ltd.

Co., Ltd.